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Africa, Forex

Kenyan shilling firmer on offshore investor inflows

NAIROBI (Reuters) – The Kenyan shilling firmed against the dollar on Friday supported by inflows of hard currency from offshore investors buying government debt and banks’ shares at the stock market, traders said.

At 0833 GMT, commercial banks quoted the shilling at 102.70/90 per dollar, compared with 102.80/103.00 at Thursday’s close.

(Reporting by John Ndiso; editing by Elias Biryabarema)

Kenya Central Bank Governor Patrick Njoroge displays the newly designed Kenyan shilling bank notes during a news conference at the Central Bank in Nairobi

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